Foundation Financial Officers Group Inc
- Assets
- $1.0m
- Revenue
- $966.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Mt Royal, NJ
- Founding
- 11/2002
- Data as of
- 12/2021
- EIN
- 65-1057720
Organization Overview
Foundation Financial Officers Group Inc is located in Mt Royal, NJ. The organization was established in 2002. According to its NTEE Classification (T03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation Financial Officers Group Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Foundation Financial Officers Group Inc generated $966.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $727.7k during the year ending 12/2021. While expenses have increased by 0.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FACILITATE OPPORTUNITIES FOR THE EXCHANGE OF INFORMATION AND IDEAS, AND TO ENCOURAGE NETWORKING, AMONG ITS MEMBERS TO FURTHER THEIR DEVELOPMENT AS FINANCIAL AND INVESTMENT LEADERS AND FOUNDATION OFFICERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBER MEETINGS - SEMI-ANNUAL MEETINGS FOR CHIEF FINANCIAL AND INVESTMENT OFFICERS OF PRIVATE FOUNDATIONS; THE AGENDA FOCUSES ON CURRENT DEVELOPMENTS AND BEST PRACTICES IN THE MANAGEMENT OF PRIVATE FOUNDATIONS.
MEMBERSHIP SERVICES; THE GROUP ENGAGES VARIOUS COMMITTEES AND INDEPEDENT CONTRACTORS TO PERFORM ANNUAL SURVEYS ON BEHALF OF ITS MEMBERS. THESE INCLUDE SURVEYS OF MEMBERS' INVESTMENT PRACTICES, ADMINISTRATIVE EXPENSES, AND COMPENSATION PRACTICES. IN ADDITION, COMMITTEES ARE RESPONSIBLE FOR DEVELOPING CONTENT FOR AND FACILITATING THE EXCHANGE OF IDEAS VIA THE GROUP'S MEMBERSHIP WEBSITE.
COMMITTEES - CONTENT, MEMBER ENGAGEMENT, RESEARCH, AND INVESTMENT AND ADMINISTRATIVE PROGRAM COMMITTEES DESIGNED TO MAINTAIN CONTENT AND COLLABORATION ON THE GROUP'S WEBSITE, MANAGE MEMBER ENGAGEMENT, AND ENHANCE THE LEVEL OF DISCOURSE AMONG MEMBERS ABOUT INVESTMENT AND ADMINISTRATIVE TOPICS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Robinson Former President | OfficerTrustee | 10 | $0 |
Don Williamson Treasurer | OfficerTrustee | 3 | $0 |
Leisle Lin Former Secretary | OfficerTrustee | 3 | $0 |
Tim Ortez 102021-123121 Secretary | OfficerTrustee | 3 | $0 |
Jeffrey Malloy President | OfficerTrustee | 10 | $0 |
Paul Manganiello Director/trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $241,250 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $241,250 |
| Total Program Service Revenue | $724,100 |
| Investment income | $845 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $966,195 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $306,945 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,469 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $110,991 |
| Advertising and promotion | $0 |
| Office expenses | $7,919 |
| Information technology | $29,695 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $227,449 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $464 |
| Insurance | $1,946 |
| All other expenses | $0 |
| Total functional expenses | $727,735 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $439,781 |
| Savings and temporary cash investments | $482,448 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,429 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $92,818 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,027,476 |
| Accounts payable and accrued expenses | $21,077 |
| Grants payable | $0 |
| Deferred revenue | $1,550 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $22,627 |
| Net assets without donor restrictions | $989,849 |
| Net assets with donor restrictions | $15,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,027,476 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Foundation Financial Officers Group Inc has recieved totaling $69,500.
| Awarding Organization | Amount |
|---|---|
John Templeton Foundation West Conshohocken, PA PURPOSE: GENERAL SUPPORT | $50,000 |
Houston Endowment Inc Houston, TX PURPOSE: FOR GENERAL OPERATING SUPPORT FOR 2021 MEMBERSHIP DUES | $4,100 |
Joyce Foundation Chicago, IL PURPOSE: MEMBERSHIP GRANTS | $4,100 |
New York State Health Foundation New York, NY PURPOSE: PHILANTHROPIC SUPPORT GRANT JULY 1, 2021 - JUNE 30, 2022 | $2,050 |
Rasmuson Foundation Anchorage, AK PURPOSE: GENERAL SUPPORT | $2,050 |
Assisi Foundation Of Memphis Inc Memphis, TN PURPOSE: 2022 DUES | $2,050 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Philanthropy New York Inc New York, NY | $10,485,290 | $4,060,793 |
Grantmakers In The Arts Bronx, NY | $3,825,984 | $2,308,802 |
Western New York Grantmakers Association Inc Syracuse, NY | $1,728,088 | $1,086,609 |
Foundation Financial Officers Group Inc Mt Royal, NJ | $1,027,476 | $966,195 |
University Associates Philanthropic Foundation Inc New York, NY | $31,741 | $11,696 |
New York Medical College Voluntary Employees Beneficiary Association Pittsburgh, PA | $4,020,995 | $563,233 |
Long Island Networking Elite Inc Huntington, NY | $42,869 | $337,964 |
Association Of Fundraising Professionals New York, NY | $462,920 | $209,001 |
Saranac Lake Voluntary Health Association Inc Saranac Lake, NY | $2,884,234 | $339,547 |
New York State Council Knights Of Columbus Charities Inc Middle Village, NY | $492,867 | $257,515 |
William Nelson Cromwell Foundation New York, NY | $2,821,011 | $363,685 |
Rochester Female Charitable Society Rochester, NY | $2,376,254 | $193,508 |